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Hot Forecast for EUR/USD as of November 21, 2024
Based on the empty macroeconomic calendar,
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Based on the empty macroeconomic calendar, the market was expected to continue consolidating near previously established levels. Only unexpected events could add some variety to the course of trading—and that's precisely what happened. The European Central Bank warned of a high risk of a debt crisis in the Eurozone, which investors interpreted as an assurance of further interest rate cuts. This comes despite the recently rising inflation and the significant monetary policy easing during the past two ECB meetings. Unsurprisingly,
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